Govt pledged to enhance digital investment: Finmin Aurangzeb

• Govt to provide any possible support for promoting virtual assets: Finmin
• It says 10% to 15% of locals already involved in digital investment.
• Finmin says Crypto Authority’s first August 25 meeting.
  

Islamabad: Finance Minister Muhammad Aurangzeb on Saturday confirmed the government’s commitment to promote an environment that allows the development and development of digital investment in the country.

Speaking at an event in Islamabad, the economic tsar emphasized the importance of cooperation between the public and the private sectors as well as academic institutions to accelerate digital transformation.

He assured that the government would provide all possible support, in addition to providing an environment and ecosystem to accelerate the promotion of digital and virtual assets to harmonize the local economy with the best international practices.

To promote digital investment, Senator Aurangzeb highlighted several initiatives taken by the government, including the establishment of the Pakistani Cryptography Council (PCC) and the Pakistani regulatory authority.

The finance minister also informed that the Authority’s inaugural meeting was scheduled on August 25, which would discuss basic data on the agenda, such as regulatory frameworks, transparency and operational efficiency in the digital and virtual assets.

He also noted that a draft bill related to digital investment and virtual assets was submitted to the permanent Senate Finance Committee. Following the Senate revision, the bill will be presented to the National Assembly for further debate and approval, he added.

The Minister of Finance emphasized the need to adopt global optimum practices and successful models from other countries, describing digital assets as “better, cheaper and faster”.

It revealed that about 10% to 15% of the local population had already been involved in digital investment and stressed the need to align national economic priorities with emerging technological trends.

“The trend of digital investment is increasing and it is necessary to ensure transparency and set clear priorities for creating a favorable digital ecosystem for the development and development of the national economy,” the minister said.

He also emphasized the improvement of the country’s financial track, expressing optimism about achieving without exclusion and sustainable development. He said the government was determined to provide an activating environment for local and foreign investors for the growth of the economy.

“Events such as this contribute to the creation of a strong and ready -made investment ecosystem that benefits local investors and boosting our economic infrastructure,” he added.

The minister confirmed the government’s determination to support innovation while maintaining financial stability and regulatory compliance.